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20131202
20131210
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CNBC 24
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English 24
Search Results 0 to 23 of about 24
CNBC
Dec 3, 2013 7:00pm EST
law. this time the pep rally had no pep. a new report says about a third of all the obama care enrollees may not be enrolled. that's the reported failure rate on the so-called back end information that is sent to insurance companies. in other words, thousands of the nation's fast food workers are set to strike tomorrow. they want a $15 minute wage but don't they know that would essentially kill theiras the move to automation moves ahead. which country is the most charitable? it's the good old usa and thanks to free market capitalism. i will explain all those stories and much more coming up on the kudlow report beginning right now. >>> good evening, everyone, i'm larry kudlow. this is "the kudlow report". we're here live 7:00 p.m. eastern, 4:00 p.m. pacific. it's getting harder and harder for grab to put a happy face on obama care. new problems keep popping up every day. maybe that's why the president seemed so subdued at an even if meant to rally the troops. eamon javers has all the details. >> reporter: good evening. it was billed as a speech beginning a three week push here b
CNBC
Dec 4, 2013 7:00pm EST
, the millennials are abandoning him and obama care in droves. a new poll shows plunging support from young people. because the obama care website is in such bad shape, the government now has offered to bail out insurance company profit and losses, and in a possible second bailout, provide the insurers with guest estimates of health care subsidies. this whole story has gone haywire. all right? all of this and more coming up on "the kudlow report" beginning right now. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." we're live here at 7:00 p.m. eastern, 4:00 pacific. president obama tries everything we can to get the attention away from the obama care, anything. today he went back to his old stand by, the rich. for more on the president's remarks about, quote, income inequality, end quote, let's bring in nbc's own steve handelsman. steve. >> reporter: larry, thanks. this was president obama trying to refocus on helping the middle class that he said relative to the rich was in a long, slow slide from the 1970s and seemed to be doing better when housing and wall street got s
CNBC
Dec 2, 2013 7:00pm EST
:00 p.m. pacific. new obama care enrollment numbers out. there are still glitches everywhere apparently. steve handelsman joins us with the details. >> reporter: the website's better but it doesn't mean it's good. the nbc news estimate is that 100,000 americans in november signed up for coverage using healthcare.gov. that's a much better number than in october. but it's way worse than what a dozen or so state exchanges have signed up. today administration sources said by 5:30 p.m. eastern time, the site had 750,000 visits. it slowed down at times. some people got "please wait" messages, so-called queuing going on but no crashes or freezes. but there's the back-end problem. like amazon.com. to work, it has to kick out a command for a lightbulb to be sent to you. that's the back end. healthcare.gov has a back end that sends an 834 file to insurance companies. no one will reveal how many or what percentage. but too many of those 834 files are bad. hard to decipher? impossible to use, some of them. so people who think they have coverage on january 1st in fact might not. >> if health plans d
CNBC
Dec 9, 2013 7:00pm EST
important obama care headline today. this is courtesy of dr. scott gottlieb. in the "new york post," you write about making good on obama's "keep your insurance" promise by allowing americans to shop inside the federal employees' own health business plan. i'm a former federal bureaucrat. scott, is this feasible? what are the advantages of the federal employees' health care plan? >> it's a true marketplace. you have all different kinds of plans being sold and people can actually choose the plan that they want and tailor what they want to receive. the amazing thing is that the plans are actually cheaper than the obama care plans even without the federal subsidies. if you take the list price of a plan in that system and try to compare it to a comparable obama care in the same market, you'll see that there are cheaper options in the federal plan. my argument is this, people who lost their insurance, who were kicked off their insurance, rather than forcing them into obama care, let them shop in the federal program. let them have access to a real marketplace. >> chris, thousands of plans are i
CNBC
Dec 6, 2013 7:00pm EST
by $15 billion. maybe enhance their credibility. but the bad news for obama care is rolling in. the website is posting an abysmal failure rate when it comes to reporting enrollment and payments to insurance companies. it's still at a very high 10% and was just recently at an alarming 25% and you know what? it ought to be zero. and speaking of insurance companies are they getting bailed out like the banks? it sure looks like it. 65% of americans by the way are totally opposed to it. all those stories, much more coming up on "the kudlow report" beginning right now. good news is good news today. big jobs, big stock rallies. we have all the details. good evening. >> larry, plenty expecting a non-farm payroll report, but no one predicted the markets would react this week. there was worries that an improving economy would lead the fed to taper early, burr the stock market rallies big and the bond market barely moves. cyclical sectors were strong and even the interest rate sensitive groups had a good day. we closed at the highs. but what about the taper fears? remember bond yields had
CNBC
Dec 4, 2013 3:00pm EST
obama invoked new jersey, the state of governor chris christie, who may be a republican candidate for president in 2016. this is a difficult goal to accomplish because many republicans, even though the president disputes this argument, make the ar umeguments is going to cost jobs. i know our next guest will make that ar ument as well. >> lawmakers nearing a deal on the budget. we know today being the 4th, the 13th being the deadline, does it look like we're going to have an agreement? >> it does. modest agreement, two years, $90 billion, raising the budget caps about $45 billion of ee quester relief for defense department, 45% for domestic programs. does not decrease the deficit. offset by additional revenue and budget cuts. they would not be tax increases and not cuts to medicare and social security or agriculture program but much more mundane things like fees and asset sales and cushing federal retirement, all ways in which the congress hopes it can avoid a shutdown in january and get us back into more stable budgeting environment. >> when is a fee a fee and a tax a tax. john ha
CNBC
Dec 6, 2013 6:00pm EST
their credibility. but the bad news for obama care is rolling in. the website is posting an abysmal failure rate when it comes to reporting enrollment and payments to insurance companies. it's still at a very high 10% and was just recently at an alarming 25% and you know what? it ought to be zero. and speaking of insurance
CNBC
Dec 5, 2013 5:00pm EST
much for coming by and making time this hour. the breaking news is that president obama will be speaking on former south african president, nelson mandela's death. we will bring you that on the other side of this break. that's next. >> we are awaiting president obama to make a speech on the passing of former south african president, nelson mandela. john, what should we expect here? >> melissa, i think you can expect the president to speak with deep emotion about the passing of this leader and what it has meant to him and he recently took his daughters to africa and i believe they went to robben island to see the cell where nelson mandela was held. that was a moving moment for this and of course nelson mandela is watched throughout his lifetime as the struggle against apartheid reached fruition. when he was still in law school, he had been at robben island, president of south africa. all said they expect that the president will attend nelson mandela's funeral. >> global history for that matter of nelson mandela being the first black president of south africa and barack ob
CNBC
Dec 4, 2013 1:00pm EST
, whether you're talking about new york city and de blasio or obama and the rest of the country. how much do you as a country or a nation want to offset these much bigger global forces and when do you kill the goose that lays the golden egg. that's the question. >> and you know, no country really does income quality terribly well that i know of. >> sweden, norway. >> some of those social democracies have had less of that. they don't have high-end wealth in the same way that we do here. anyh anyhow, it is an issue. >> it's a consequence of growth. >> inequality can lead to social unrest. >> all right. >> take one thing away sfli don't think we're going to solve it today but to the yahoo! poll and see what you think. here is our question of the day. the president speaking about income inequality. what is the solution? 19% of you say raise the minimum wage. 51% say more tax breaks for the middle class. 17% say raise taxes on the rich. >> surprising. >> and 13% say limit executive pay. sue? >> very interesting. all right. it's getting really cold out there. a cold snap gripping the western half
CNBC
Dec 4, 2013 6:00pm EST
growth. here's another big problem for president obama, the millennials are abandoning him and obama care in droves. a new poll shows plunging
CNBC
Dec 3, 2013 6:00pm EST
. a new report says about a third of all the obama care enrollees may not be enrolled. that's the reported failure rate on the so-called back end information that is sent to insurance companies. in other words, thousands of the nation's fast food
CNBC
Dec 2, 2013 6:00am EST
newspapers focus on what's happening with obama care right now. the "new york times" is claiming that insurers say the health care website is still flawed. the "wall street journal" says that connecticut is considering bypassing some of the back ends just to check to make sure that people are actually residents and whether or not they would qualify for a lot of the aid. and with the deadline approaching january 1st for when a lot of the health insurance plans were supposed to kick in for consumers, it leaves a lot of questions. how would you say things have gone so far? and how confident are you of things up and running by january 1st? >> well, i'm not going to get a nobel prize for observing, it hasn't gone well. to establish an insurance exchange at the federal level is an exceptionally difficult job and to forecast it's going to be as good as amazon. you just had a conversation about people trying to catch up with amazon, the government's not likely to be able to do that ever. >> pretty low bar. >> no -- >> for the peace prize. doesn't take much. >> for the peace prize, right.
CNBC
Dec 3, 2013 9:00am EST
on the ruling as it develops in just a moment. >>> welcome back. in other news this morning, the obama administration pleased with the progress of the healthcare.gov website, it says. but concern has been raised over the website's ability to hold up as those who haven't been able to enroll under obama care rush to do so now, before the looming deadline. a new health insurance marketplace, meanwhile, is allowing consumers to bypass healthcare.gov. gohealth is an online portal for finding health insurance coverage. clint jones is the ceo. and he joins us now. good morning. >> good morning. >> what can your website do? can it enroll people in plans? >> yes, we can. we've been live now just over a week, successfully helping consumers enroll in federal marketplace plans. >> okay. so there are others, healthsure, another private sector insurance group we had on, how long did it take you to get up and running? >> working on integration a little over a year, with cms and the federal government. so now we have the ability to tap into the federal data hub to help consumers get the subsidy inform
CNBC
Dec 3, 2013 3:00pm EST
. president may be pushing new and improved obama care website. once it works, technically, will it be popular and successful policy? >> let's talk with robert wolf sits on president's export councils. he just discussed the affordable care act with the president yesterday. i mean, we all know, it has been a very rough road to begin with for the aca. what can be done to turn the public opinion about it when you have all these technical glitches to begin with? >> no question the technical glitches have made it difficult since the inception. this is 20% of the economy health care. it's not going to happen overnight. for me who's not a health care specialist, i look at three or four things that make it critically important. 3 to 4 million people uninsured, will be insured. the 100 plus people that get preventive care that don't have it and the 125 million plus people that have preconditions that will now have to not worry they won't get insurance. those are the things most important to me that is not someone worrying about the day to day website. not that it's not a problem.
CNBC
Dec 9, 2013 6:00pm EST
. >>> it's another day of bad surprises from obama care. and this may be the topper. some people with pre-existing conditions, especially cancer patients, may be worse off because of the new law. >>> and sticker shock. deductibles are skyrocketing and that means huge out-of-pocket posts. and then get this -- 70% of doctors in california won't play in obama care. >>> also tonight, very senior, highly placed republican house source in washington, d.c. tells me the budget deal is close but the sequester will not survive
CNBC
Dec 5, 2013 9:00am EST
this summer. it seemed like yesterday they got a big boost from president obama. >> last month, voters in new jersey decided to become the 20th state to raise theirs even higher. yesterday, the d.c. council voted to do it, too. i agree with those voters. i agree with those voters and i'm going to keep pushing until we get a higher minimum wage for hard working americans across the internet. >> president obama supports a $10.10 on minimum wage. certainly never mind $7.25. any sort of rates for their workers would end up getting passed down to the consumer in the way of higher prices for food. there are no hard numbers on this, but a burger would go anywhere from $3 to $3.50. that's the big debate. how big of a deal is that if the price of a burger goes up 50 cents? a lot of labor experts say it's not that big of a deal because a lot of these fast food workers use about $7 billion in social services a year. if they need less in those social services, you'll pay less into those social services, basically raising the bottom raises the whole. the protests are scheduled to start around 11:30. we'll
CNBC
Dec 5, 2013 7:00pm EST
effective january 1st because of obama care. for those people and anyone else who wants to sign up for new policies and be covered on new year's day, the deadline is actually december 23rd. that's not far away. doesn't say much about the sticker shock of the premiums, even speaker john boehner experiencing that today. take a listen. >> my health insurance premiums are going to double. my co-pays and deductibles triple under obama care. i'm thrilled to death, as you can tell. >> next up, we talk about this fast approaching deadline, sticker shock and the threat to millions of seniors who may also lose their doctors. get ready, folks. we're just minutes away from the first ever "the kudlow report" youth summit. for real college kids, how about that, four real college kids are going to join me live on set to talk about what they think of president obama and obama care and whether they are going to sign up or not. you don't want to miss it. free market capitalism is the best path to prosperity. i will ask these college kids. what do they think about free market capitalism? we'll be right back.
CNBC
Dec 9, 2013 6:00am EST
technology companies are launching a public campaign today to urge president obama and congress to set new limits on government surveillance. the group is being led by google and microsoft. today they're presenting a plan to regulate online spying. the call is being accompanied by an open letter showing up in full-page ads. also, apple, yahoo, facebook, twitter, aol and linked in are taking part in this campaign. >> u.s. foods. >> what are you looking at? >> cisco and u.s. foods. buying u.s. foods. >> and it is not the router company in this case. this is sysco. >> yes, syy. and issued $3 billion of common stock, $500 million in cash. it's about $3.5 billion. what's u.s. foods make? you know? >> i believe they're in the same business that sysco's in. >> clayton and kkr own -- >> u.s. foods? >> yes. >> they're buying it from clayton. >> it's a foods distribution business, isn't it? >> looks like a food description business. >> for sysco, that makes sense. >> interesting. we'll do work on that and come back to it. >> it is, one of the u.s.'s largest distributors, $19 billion in annual revenu
CNBC
Dec 3, 2013 4:00am EST
season. reports say u.s. cyber monday sales hit a new record, topping 2 billion for the first time. >>> a revamp and a resale. president obama will try to make the case again to the american people for his health care reform program. it has hit several stumbles still launching in october. >>> as the british prime minister visits china, the country's polit bureau expands domestic demand and pushes forward its key reform. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> if you've just joined us stateside, u.s. futures are indicating a softer start after the close we saw yesterday. the s&p down nearly five right now. the dow is some, what, 35 points below fair value? the nasdaq at the moment is on fair value, just about the s&p 500 is around 3.5 points below fair value. european equities have been soft and we're down near the session lows. the cac 40 in france, up 1.5%. the italian market down 0.5%. meanwhile, u.s. vice president joe biden and the japanese prime minister shinzo abe have been giving a statement in tokyo. japanese
CNBC
Dec 2, 2013 6:00pm EST
that. i always like to >>> team obama proclaims mission accomplished insisting the obama care website is working much better. but, is it really? only 100,000 people supposedly signed up successfully last month. we have breaking news on the continued breakdown of back-end payment-related communications with the insurance companies. in other words, all those folks who enrolled may not be enrolled. and the white house won't fess up. and none of this can hide the cold, hard fact, obama care is a bad product. its health plans cost more, provide less service and choice and it's a budget-buster for washington. you cabe
CNBC
Dec 5, 2013 4:00am EST
cities like chicago and new york are calling for wages of similar levels. i think what's driving this is what president obama called the defining challenge of our time in this economics talk yesterday. the fact is, the restaurant industry noted that the majority of the jobs our economy is creating are in these low payment fields like restaurant and retail. these aren't team jobs if they ever were. now tens of millions of adult americans spend their time cycling through these careers, these jobs. at $9 an hour, they're not sustainable. so what the fast food workers are calling for is a raise in pay and sit down with the industry for negotiationing a plan to transition to a higher wage, a higher productivity business model. >> how does the industry afford it? at the end of the day, higher wages is going to mean -- i mean, it's going to feed through and we're going to get higher cost of food, aren't we? >> so the road map for how to do this is what's happened with other similar industries in the u.s. in the big cities, they've been given more money through a similar model. there is
CNBC
Dec 2, 2013 4:00am EST
remaining. the obama administration says it doubled the capacity to the site. it can handle 50,000 viewers simultaneously. the peak traffic in the coming weeks might eclipse the new capacity as people sign up for the new health care plans by december 23rd. >>> still to come, december's historically been one of the best months of the year. will the markets play santa or scrooge for investors this year. we'll be having more insight. we'll be going to the cme as well. [ imitating engine revving ] that's mine. ♪ that's mine. ♪ that's mine. ♪ come on, kyle. ♪ [ horn honks ] that's mine...kyle. [ male announcer ] revenge is best served with 272 horses. now get the best offers of the season. current lessees with an expiring lease get this 2014 ats for around $299 a month. ♪ just by talking to a helmet. it grabbed the patient's record before we even picked him up. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. it even pulled strings with the stoplights. my ambulance talks with smoke alarms and pilots and
CNBC
Dec 5, 2013 6:00am EST
this quickly, there's no allegation. there was an indication in the new york post that somehow these were being massaged by politicians, particularly the obama white house to give you a better number heading to the election. i haven't seen anything to suggest -- >> eamon, what are you hearing about the political side of this? >> yeah, i think it would be very difficult to have a political conspiracy -- the number of interviewers to affect the number if they're just interviewing 20 to 40 houses a month would be ha lot of people involved in that. >> you like big government. >> that's a huge -- and there were all these people on twitter saying, oh my god -- but there's nothing here to suggest. >> the only point jack was making it's not this gold-plated number that comes in and you -- >> joe, it's a survey. it's a survey. >> i know it's a survey. >> if it's a survey, any kind of survey will have a margin for error. >> a municipal employee if -- if you didn't have to do something important, think if all you had to do -- >> that is in there. >> have you ever seen how many guys -- >> go interview -- a
CNBC
Dec 6, 2013 9:00am EST
are not designed properly. wow! that's the greatest news of the week. he's saying big government is like an old de soto at a time when we want to drive efficient sports cars. the only question i have is, isn't obama care just another one of those? back to you. >> all right, rick, thank you so much. rick santelli in chicago. >>> nobody puts baby in the corner without an -- without an ipad. [ laughter ] stay tuned for this, the latest in toddler technology in just a moment. hi honey, did you get the toaster cozy? yep. got all the cozies. [ grandma ] with new fedex one rate, i could fill a box and ship it for one flat rate. so i knit until it was full. you'd be crazy not to. is that nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. where does the united states get most of its energy? is it africa? the middle east? canada? or the u.s.? the answer is... the u.s. ♪ most of america's energy comes from right here at home. take the energy quiz. energy lives here. yep. got all the cozies. [ grandma ] with new fedex one rate, i could fill a box and ship it f
Search Results 0 to 23 of about 24